BancFirst Corporation completed the acquisition of First Wagoner Corporation and First Chandler Corp. from Scott Martin and other shareholders.
January 11, 2018
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BancFirst Corporation (NasdaqGS:BANF) entered into an agreement to acquire First Wagoner Corporation and First Chandler Corp. from Scott Martin and other shareholders on September 7, 2017. Consideration will be paid in cash and stock. Post acquisition, First Wagoner Corp. and its subsidiary bank, First Bank & Trust Company will operate as First Bank & Trust Company until merged into BancFirst, which is expected to be during the first quarter of 2018. First Chandler Corp. and its subsidiary bank, First Bank of Chandler will operate as First Bank of Chandler until merged into BancFirst, which is expected to be during the second quarter of 2018. Post acquisition, Scott Martin will join board of BancFirst Corporation. Deal is subject to regulatory approvals and is expected to close in January 2018. The acquisition will not have a material effect on the BancFirst' consolidated financial statements.
BancFirst Corporation (NasdaqGS:BANF) completed the acquisition of First Wagoner Corporation and First Chandler Corp. from Scott Martin and other shareholders on January 11, 2018. First Bank & Trust Company will operate under current name until it is merged into BancFirst on February 16, 2018. First Bank of Chandler will operate under current name until it is merged into BancFirst on June 15, 2018.
BancFirst Corporation is a financial holding company, which operates through its subsidiaries, BancFirst and Pegasus Bank, which are a state-chartered banks. The Company has six business units: metropolitan banks, community banks, Pegasus, Worthington, other financial services and executive, operations, and support. Metropolitan banks, community banks, Pegasus and Worthington offers commercial and retail lending, a full line of deposit accounts and other. Metropolitan banks consist of banking locations in the metropolitan Oklahoma City and Tulsa areas. Community banks consist of banking locations in communities throughout Oklahoma. Pegasus consists of banking locations in the Dallas metropolitan area. Worthington consists of banking locations in the Fort Worth metropolitan area. Other financial services are specialty product business units, including guaranteed small business lending, residential mortgage lending, trust services, securities brokerage, electronic banking and insurance.
BANCFIRST CORPORATION 
